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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST

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To: Bill Snodgrass who wrote (7888)3/26/1998 10:33:00 PM
From: Jack Colton  Read Replies (2) of 42804
 
Well, I might as well throw my $.02 in.

I have studied a lot of companies and a lot of graphs. Never have I seen the right hand side, after price peaks, so consistently slope downward. The difference in the tangent of the downward slope for the first few days after a peak price is almost nill. In other words, someone is manipulating the price downward - it does not appear to be market driven. I am almost convinced of this, and I think Kamil Nemr is in agreement with me.

There may be one or two exceptions over the last year, but other stocks do not have such a tale - tale sign of price depression. It is almost as if management was trying to depress the price, so they could buy it back cheaper. (As speculated on this board within the last 3 weeks)... Or else some MM is trying to keep the price down for a possible acquisition.

What should we do? Give management until the end of business tomorrow, here in the US, to answer some questions for Greg H2O - and if a satisfactory response is not received, let's bail in unison at 3:59pm tomorrow!

For what it's worth...

jack

PS: either way, have a great weekend! :o)
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